In Brief

• XRP lost its $1.12 support level as delays in the U.S. Senate surrounding the Digital Asset Market Clarity Act weakened market confidence and revived downside risks.
• Crypto analyst Diana highlighted that XRP must defend $1.08 to avoid a deeper decline toward the $0.87 liquidity zone.
• Senate Majority Leader John Thune indicated that the Clarity Act will likely miss the August Senate timeline, increasing regulatory uncertainty across cryptocurrency markets.

Breakdown Below Key Support

XRP has entered a critical technical zone after losing the $1.12 support that buyers had defended in recent sessions. According to crypto analyst Diana, the breakdown has revived the possibility of a decline toward the $0.87 liquidity zone.

The bearish shift followed growing uncertainty over U.S. crypto legislation. As a result, traders reduced risk exposure as the token slipped closer to its next major support at $1.08.

According to Diana, XRP failed to sustain momentum above $1.145 before sellers regained control. That rejection forced the token below its previous support and turned $1.12 into immediate resistance. Additionally, the Relative Strength Index rolled over from overbought territory, reflecting weaker buying momentum. The latest technical structure leaves the $1.08 support as the market's next decisive level.

Senate Delay Raises Uncertainty for Crypto Market

The latest market weakness coincided with new comments from Senate Majority Leader John Thune regarding the Digital Asset Market Clarity Act. According to Thune, the legislation will likely not pass the Senate before August as previously expected.

However, he indicated that lawmakers could still begin Senate floor consideration before the summer recess. That possibility offers some progress, although it falls short of market expectations. For digital asset traders, the timing matters because the bill is being watched as a potential source of clearer market rules, while a slower Senate schedule leaves that uncertainty unresolved for longer.

The Senate must also address several competing priorities before lawmakers leave Washington for campaign activities. Even if senators eventually approve the bill, the House of Representatives must also pass the legislation before it reaches President Donald Trump. Consequently, investors viewed the delayed timeline as another source of regulatory uncertainty, adding pressure across the broader cryptocurrency market.

Technical Outlook Keeps $0.87 Downside Target in Play

According to Diana, buyers must successfully defend the $1.08 support to prevent another wave of selling. Holding that level could allow XRP to stabilize before attempting to recover the lost $1.12 resistance. Moreover, reclaiming $1.145 would strengthen the short-term technical outlook and improve bullish momentum.

XRP LOSES THE $1.12 SUPPORT AFTER SENATE SHOCK — Is the $0.87 Macro Target Back in Play? ripple:native saw a SHARP SELL-OFF after the latest U.S. Senate developments, breaking BELOW the $1.12 support that bulls had been defending. The REJECTION from $1.145 triggered… pic.twitter.com/b8WroqH83g
— Diana (@InvestWithD) July 23, 2026

However, Diana noted that losing the $1.08 support would expose XRP to the next major liquidity zone between $0.90 and $0.87. She explained that several analysts continue to identify that range as the likely destination for the current correction before a stronger recovery can develop. Traders are closely monitoring price action around the current support area for confirmation of the next market direction, particularly whether XRP can hold $1.08 or reclaim the resistance levels lost during the sell-off.

Conclusion

XRP remains vulnerable while regulatory uncertainty and weakening technical signals continue to pressure market sentiment. A successful defense of the $1.08 support could stabilize the token, while a breakdown below that level would increase the likelihood of a move toward the $0.90 to $0.87 liquidity zone.